Swissôtel Hotels & Resorts continuing its expansion in India with Swissôtel Grand Mumbai
Having successfully opened its first hotel in India – Swissôtel Kolkata – in July 2010, Swissôtel Hotels & Resorts, the international hotel group of Swiss origin signed a management contract for a flagship project in India: Swissôtel Grand Mumbai. This is in addition to one more hotel under development for the brand in Bangalore.
The hotel is in close proximity to a number of new grade A offices occupied by numerous multinational companies. The Andheri Kurla area, which has approximately 20% of Mumbai's commercial office space supply, also features new shops and restaurants as well as a new metro line. Swissôtel Grand Mumbai is strategically situated in this prominent business district of the city with easy access to the international airport, which is undergoing major redevelopment, and the rapidly expanding suburbs that are benefiting from improving transport connectivity. The five-star business hotel is due to open in 2014.
"This exciting project at the heart of Mumbai's commercial centre will drive forward our expansion in the highly promising Indian market," commented Meinhard Huck, President Swissôtel Hotels & Resorts. "India is the world's second-largest nation and the numbers involved are huge. India is set to become the world's third-largest economy by 2020 and consumer demand, particularly in the cities, is continually rising. A robust domestic tourism industry coupled with the increasing global nature of Indian businesses is boosting business travel and providing a very healthy platform for the growth of the hospitality industry. Amid this environment we see considerable potential for our hotel group and are pleased to be working with a renowned partner, the Litolier Group, which appreciates our Swiss values." HVS, a global services and consulting organisation focused on the hospitality industry served as advisor to the Litolier Group during the operator search and management contract negotiations.
Mumbai is the commercial and entertainment capital of India, it is also one of the world's top 10 centres of commerce in terms of global financial flow, generating 70 per cent of maritime trade in India and 70 per cent of capital transactions to India's economy. Mumbai is home to financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations.
Eva Maria Lindner
Director Communication, Swissôtel Hotels & Resorts
Phone: +41 44 317 33 22